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Peer Review & Enrollment Information

This section is for firms who do not have any employees who are AICPA or VSCPA members.

It is now a Virginia Board of Accountancy (VBOA) requirement thatĀ all licensed firms must be enrolled in a peer review program regardless of the services performed by the firm. Firms providing services involving the practice of public accounting and/or compiling financial statements in accordance with the Statements on Standards for Accounting and Review Services (SSARS) established by the American Institute of Certified Public Accountants (AICPA) undergo a peer review of their accounting and/or auditing practice that is as least comparable to the AICPA Peer Review Program.

Accounting and auditing engagements for the purposes of peer review are defined as all engagements covered by Statements on Auditing Standards (SASs); Statements on Standards for Accounting and Review Services (SSARS); Statements on Standards for Attestation Engagements (SSAEs); and the Government Auditing Standards (the Yellow Book) issued by the U.S. General Accounting Office (GAO).

The VSCPA administers the AICPA/VSCPA Peer Review Program and has been approved by the VBOA to administer peer reviews forĀ licensed firms. Prior to the commencement of a peer review, the firm being reviewed must be enrolled in the program.

The VSCPA charges all firms participating in the program an annual administrative fee to cover the cost of program administration. These fees are charged annually and failure to pay timely could result in termination from the program.

The AICPA runs its peer reviews through the Peer Review Integrated Management Application (PRIMA), which is accessible to all AICPA and CPA.com customers whose AICPA records are linked to a public accounting firm. Click here for instructions on creating and using PRIMA .